Economists Put Recession Odds at 40% Economists have recently updated their U.S. recession predictions, now estimating only a 40% chance, thanks to anticipated robust job market performance and solid consumer spending. This optimism is reflected in the revised economic growth forecast, which has been adjusted to a 2.1% annualized rate for this year, a significant increase from last month’s 1.5% projection. This uptick is attributed to expected increases in household demand and government expenditure. Furthermore, consumer spending, a critical engine of the economy making up two-thirds of the GDP, is projected to rise by nearly 0.5% more than previously thought in the coming two years. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Crude Futures Decline as Israel Holds Back from Retaliating Against Iran READ MORE Gold Hovers Near Peak as Markets Anticipate Fed's Next Move READ MORE Japan's Central Bank Eases Rate Hike Concerns After Market Turmoil READ MORE Growing Credit Card Debt: A Warning Sign for Investors READ MORE Safe-Haven Appeal Drives Gold Over $2,400 READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment